Private Limited Company Registration
What is a Private Limited Company (PVT LTD)?
If a private limited company faces a financial threat, its shareholders are not legally responsible to sell their individual assets/properties i.e. they have limited liability or legal responsibility. There must be a lower limit of two directors and upper limit 15 directors for a private limited company and a director must be 18 years above in age. A foreign citizen can become a director of private limited company India (PVT LTD).
It is mandatory to add privately limited (PVT ltd) to a private limited company India. least paid capital amount for a private limited company is Rs. 1 Lakh. A private limited company keeps on existing even in the case of death or economic failure of its Members.